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BTC $77,521.59 -2.82%
ETH $2,433.52 -2.63%
BNB $687.56 -2.91%
XRP $1.38 -3.00%
SOL $103.39 -3.00%
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DOGE $0.0842 -3.80%
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BCH $244.48 -7.07%
LINK $11.31 -3.51%
HYPE $81.34 -3.78%
AAVE $121.33 -3.73%
SUI $0.7342 -3.54%
XLM $0.1771 -3.82%
ZEC $792.47 -0.19%
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Musk releases controversy over cryptocurrency trading tax issues, mentioning a project that briefly surged over 120%

2025-01-03 08:47:26

ChainCatcher message, Musk posted a controversy regarding crypto trading taxes on his social platform, the original text reads: "A customer bought $7,000 worth of cumrocket and staked it for 3 months to earn a 6900% return. Then they sold and withdrew the profits to invest in NFTitties, but the developers rug pulled the project, and they only managed to liquidate 10% of the funds. Can the customer deduct the gas fees for minting to offset short-term capital gains tax?"

As a result of this news, the token CumRocket (CUMMIES) surged 124% in a short time.

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